Use the Data Given Below to Answer the Following Questions)

question 2

Multiple Choice

Use the data given below to answer the following questions)
Below is the spreadsheet for demand prediction of a company that sells chocolates. $$\begin{array} { | l | l | l | l | } \hline & \text { A } & \text { B } & C \\\hline 1 & \text { Demand Predictim } & & \\& \text { Models } & & \\\hline 2 & & & \\\hline 3 & \text { Linear Model } & & \\\hline 4 & \text { A } & 10,000 & \\\hline 5 & B & 10 & \\\hline 6 & & & \\\hline 7 & \text { Price } & \text { Demand } & \\\hline 8 & \$ 50 & 9,500 & \\\hline 9 & \$ 55 & 9,450 & \\\hline 10 & \$ 45 & 9,550 & \\\hline 11 & & & \\\hline\end{array}$$
-If a dollar sign is used after the column in B5 B$5) , how will the formula at B8 be represented in C9 using absolute addressing?

• A) C3-B$5*C9
• B) C5-C$6*B9
• C) C5-C$6*C9
• D) C5-C$5*B9

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Definitions:

Total Revenue

A financial metric indicating the overall income earned by a business through the provision of goods and services.

Average Revenue

The amount of revenue generated per unit of a product sold, calculated by dividing total revenue by the number of units sold.

Total Revenue Curve

A graphical representation showing how total income from sales changes at different levels of output in a company's operations.

Pure Monopolist's Demand Curve

Illustrates the relationship between price and quantity demanded for a monopolist, who is the sole provider of a product or service, typically showing a downward slope.